The CARS for swapping firms with smaller income effects, e.g, those measured as less than two percent of income, are significant but average only about one percent of market value. Evidence on auditor and investor materiality thresholds resulting from equity-for-debt swaps * An index swap also...
Proprietary trading firms have a significant stake in how swap trading evolves, but that has yet to translate to major market participation. “We use the term ‘swap prop’ for proprietary trading firms looking to take advantage of Dodd-Frank regulatory reform to take a more prominent role in ...
To be sure, some bids have been interrupted, like with Canada's Potash Corp and Australian giant mining firms. The aluminium giant Chinalco failed in their attempt to buy Anglo-Australian Rio Tinto in 2009. China must keep itself supplied, and feed its growth. China has grown to become the...